Mannatech, Inc. (NASDAQ:MTEX)
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The Company develops high-quality, proprietary nutritional supplements, skin care and topical products, and weight-management products that are sold to independent associates and members.
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This company has been sold off lately due to a lawsuit about avertising its products as doing more then they are capable of. While this may move the share price still lower over the next several months, the company is taking steps to ensure that all products are advertised correctly, including firing a top sales person. The fundamentals of this company while strong and robust, will be hurt for the next quarter or so as the company takes returns from people who wish to return these products. But it should emerg wiser, stronger, and ready to continue robust growth.
Correct me if I am wrong but wasn't the firing of the sales person caused by his tax evasion conviction rather than the false claims issues levied against the company?